Ola Electric is the EV arm of ride-hailing firm Ola, which was laid out in 2011. The organization has announced, plans todevelope a “full-EV hub.”
As per the CEO of Ola Electric Bhavish Aggarwal, his firm would launch an all-electric vehicle that can go from 0 to 100 kilometers per hour (a little more than 62 mph) in four seconds, as the competition to acquire a traction in India’s juvenile EV sector strengthens.
In a video show, Bhavish Aggarwal presented various insights regarding the Indian-built vehicle, which will be its first electric vehicle.
The vehicle would have a scope of over 500 kilometers for each charge (around 310 miles), an all-glass rooftop, and an assisted driving capacity. The EV would also be keyless and handle-less. The organization intends to launch the vehicle in 2024.
The Indian market is now prepared for top notch technology and, thus, would sell their leftover tech in India. India is changing that mindset.
Meanwhile, Ola also announced they are planning to develop what they call a “full-EV hub” by growing the organization’s “Futurefactory” in Tamil Nadu state, which as of now centers around the production of two-wheel electric vehicles.
At full scale, he said the drawn out office would deliver 1 million vehicles, 10 million two-wheelers and 100-gigawatt hours of cells each year. “This … reimagined Ola Futurefactory is going to be the world’s largest EV ecosystem at a single site,” Aggarwal said.
Ola Electric is the EV arm of ride-hailing firm Ola, which was established in 2011. Both Ola and Ola Electric have attracted investment from SoftBank Group.
India, which is on track to become the planet’s most populous country next year, is something of an untapped market when it comes to electric cars, lagging behind China, the European Union and the U.S.
“In Brazil, India and Indonesia, fewer than 0.5% of car sales are electric,” the International Energy Agency’s Global EV Outlook notes.
Ola’s venture into India’s electric car market will see it compete with Tata Motors and Mahindra Electric Mobility, among others. According to the IEA, Tata’s Nexon BEV SUV was India’s best-selling electric car in 2021.